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word of the day for traders. chinese stocks extended the worst five-day drop since 1996. the marx apparently unconvinced by the peoples bank of china decision to cut markets rate the apparently unconvinced. stoxx 60019 indices are down here let s cross to our chief asia correspondent. enda, a very good day to you. markets simply unconvinced is the word. enda: unconvinced is exactly right. what the global markets wanted out of china was a circuit breaker. there is a feeling this crisis began in china. dona needed to intervene, to something. it does not look like what they have done has been enough. the central bank will need to cut rates further. that the government will need to do more to shore up the chinese economy and turn sentiment around. the positive thing is that china has monday of more ammunition in its arsenal if needed china has plenty more ammunition in its arsenal if needed. francine: what is next? i guess the question is how much will they intervene? ....
in ukraine. government ministries, power companies and banks are experiencing major problems. also in the next hour, an amber warning on the state of the uk economy. the bank of england says it s worried about a sharp rise in consumer borrowing through credit cards, personal loans and car finance deals. the world s first atm turns 50, but is cash still king? good afternoon and welcome to bbc news. the scottish government has put plans for a second independence referendum on hold. in the past our, scotland s first minister, nicola sturgeon, has said that she wants to reset her plans on a second vote and ask the scottish electorate instead in the autumn of next year or the spring of 2019, once the brexit negotiations are over. ms sturgeon has also told msps that she would now redouble her efforts to keep the country in the european single market. our scotland correspondent, lorna gordon, is in holyrood with the latest. the latest is there s no change. yes, simon, delaye ....
to advise on immediate measures to improve building safety. the bank of england issues a financial warning, as consumer borrowing rises at its fastest rate in more than a decade. google is fined more than £2 billion by the european commission for illegally favouring its own shopping services. and 50 years on from the first cash machine, we take a look at the changing face of banking. hello, good evening. welcome to bbc news at five. scotland s first minister, nicola sturgeon, has said her government is delaying plans for a second independence referendum. speaking in holyrood, she said she still believes the country needs to be given a choice about its future, but not until after the brexit process. she said that since the general election, in which the snp lost 21 seats, she had listened to voters, and understood their concerns about another poll. our scotland correspondent lorna gordon is in edinburgh. nicola sturgeon call this a reset, but what in effect i think it m ....
sits down with the bbc to talk about his latest work in washington a sprawling tribute to those who fight for freedom. i am katty kay in washington christian fraser is in london. the pentagon says the intelligence is compelling it has identified planes and also the hangar in which it says the syrian government may be preparing another chemical attack. the white house said to president assad he will pay a heavy price if the weapons are used. in april, a sarin gas attack on the rebel held town of khan sheikhun killed at least 87 people, many of them were children. the attack was launched from this same base. today the syrian president bashar al assad denied any new preparations were under way. and perhaps in defiance of that us threat, he paid a visit to a russian airbase in the west of the country even climbing into the cockpit of this sukhoi fighter jet. not the image of a man cowed by american threats. a short while ago the us ambassador to the un, nikki hale ....
the grenfell tower tragedy. it comes as theresa may says there must be a major national investigation into the use of cladding on high rise buildings. and 50 years on from the first cash machine, we take a look at the changing face of banking. good evening and welcome to bbc news. companies across the world are reporting they have been struck by a major ransomware cyber attack with british firms among those to confirm their it systems had been targeted. what do we know so far? the attack started in the ukraine, with the country s state power company and kiev‘s main airport among the first to report issues. the confectionary manufacturer mars said part of the company s pet food unit was targeted in the attack, but they had isolated the issue. and the british firms reckitt benckiser, who manufacture nurofen and dettol, and the ad agency wpp confirmed their it systems had also been affected and they were working to contain the virus. with me is ross brewer who s a cybe ....